Japan Electric Vehicle Charging Equipment Market Report and Forecast 2025-2034

Japan Electric Vehicle Charging Equipment Market Outlook

The Japan electric vehicle charging equipment market is expected to grow at a CAGR of 20.8% between 2024 and 2032.

Key Takeaways

• In 2021, the Japanese government allocated 100 billion yen (approx. US$911 million) as subsidies to support electric vehicle charger stations and the electric vehicle sector.

• Japan is expected to start investing in next-generation battery technologies like lithium-sulphur, fluoride-iron, and lithium-air which can support the growth of the electric vehicle charging sector.

• In 2023, the Tokyo Metropolitan Government planned to boost subsidies for residential electric vehicle chargers to improve the charging infrastructure and promote zero-emission vehicles.

In Japan, the government is imposing restrictions on the production and sales of internal combustion engine (ICE) cars to meet its EV targets. It aims to install 300000 electric vehicle charging points by the end of 2030 and increase the power output at quick connecting stations to at least 50kWh. This will help in boosting the adoption of electric vehicles across the nation and bring sales at par with countries like the USA and Germany.

Charging stations that were established in the early 2000s in Japan require maintenance and upgradation. Since the average lifespan of a fast-charging station is only 8 years, the old infrastructure is falling short of the requirements of Japanese consumers. This is boosting the Japan electric vehicle charging equipment market growth, especially in those cities which have a high traffic volume.

Various public facilities in Japan, including airports, city halls, large convenience stores, and roadside rest areas, have installed charging stations for EVs that provide direct current to the battery that enables fast charging of vehicles. On the other hand, AC charging, which typically takes more time, is not as widely favoured as DC charging. This is primarily due to the limited capacity of the current supplied to individual households, which hinders quick battery charging.

As per the Japan electric vehicle charging equipment market analysis, automobile companies are shifting their focus towards manufacturing electric vehicles as they guarantee huge commercial returns while promoting sustainable development. This, in turn, is expected to aid the country’s EV charging equipment market.

Market Segmentation

Global Japan Electric Vehicle Charging Equipment Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Vehicle Type

• Battery Electric Vehicle (BEV)

• Hybrid Electric Vehicle (HEV)

• Plug-In Hybrid Electric Vehicle (PHEV)

Market Breakup by Charging Type

• AC Charging

• DC Charging

Market Breakup by Application

• Home Charging

• Workplace Charging

• Public Charging

Competitive Landscape

The market players are increasingly focusing on the production of efficient electric vehicle charging equipment and are collaborating with government and private organisations to develop robust EV charging infrastructure.

• AOYAMA Elevator Co. Ltd.

• Delta Electronics, Inc.

• Takaoka Toko Co., Ltd.

• Tritium Dcfc Ltd.

• dSPACE GmbH

• BYD Co. Ltd.

• Siemens AG

• Tesla Inc.

• ABB Ltd.

• Others

Key Highlights of the Report